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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and Travel & Leisure Co. (TNL). Click either name above to swap in a different company.

Travel & Leisure Co. is the larger business by last-quarter revenue ($798.0M vs $692.4M, roughly 1.2× OCEANEERING INTERNATIONAL INC). Travel & Leisure Co. runs the higher net margin — 9.9% vs 5.2%, a 4.7% gap on every dollar of revenue. On growth, Travel & Leisure Co. posted the faster year-over-year revenue change (5.7% vs 3.6%). Travel & Leisure Co. produced more free cash flow last quarter ($0 vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -10.0%).

Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.

Travel + Leisure Co. is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownership clubs, including Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Accor Vacation Club. The company provides timeshare exchange services, primarily through RCI, and travel clubs including Travel + Leisure GO.

OII vs TNL — Head-to-Head

Bigger by revenue
TNL
TNL
1.2× larger
TNL
$798.0M
$692.4M
OII
Growing faster (revenue YoY)
TNL
TNL
+2.1% gap
TNL
5.7%
3.6%
OII
Higher net margin
TNL
TNL
4.7% more per $
TNL
9.9%
5.2%
OII
More free cash flow
TNL
TNL
$76.5M more FCF
TNL
$0
$-76.5M
OII
Faster 2-yr revenue CAGR
OII
OII
Annualised
OII
1.8%
-10.0%
TNL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
OII
OII
TNL
TNL
Revenue
$692.4M
$798.0M
Net Profit
$36.1M
$79.0M
Gross Margin
Operating Margin
19.9%
Net Margin
5.2%
9.9%
Revenue YoY
3.6%
5.7%
Net Profit YoY
-28.3%
8.2%
EPS (diluted)
$0.36
$1.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OII
OII
TNL
TNL
Q1 26
$692.4M
$798.0M
Q4 25
$668.6M
$1.0B
Q3 25
$742.9M
$1.0B
Q2 25
$698.2M
$1.0B
Q1 25
$674.5M
$934.0M
Q4 24
$713.5M
$970.0M
Q3 24
$679.8M
$993.0M
Q2 24
$668.8M
$985.0M
Net Profit
OII
OII
TNL
TNL
Q1 26
$36.1M
$79.0M
Q4 25
$177.7M
$-62.0M
Q3 25
$71.3M
$111.0M
Q2 25
$54.4M
$108.0M
Q1 25
$50.4M
$73.0M
Q4 24
$56.1M
$119.0M
Q3 24
$41.2M
$97.0M
Q2 24
$35.0M
$129.0M
Gross Margin
OII
OII
TNL
TNL
Q1 26
Q4 25
19.8%
78.9%
Q3 25
20.6%
98.8%
Q2 25
21.3%
97.9%
Q1 25
20.0%
97.5%
Q4 24
19.9%
99.0%
Q3 24
19.3%
97.3%
Q2 24
18.0%
97.9%
Operating Margin
OII
OII
TNL
TNL
Q1 26
19.9%
Q4 25
9.8%
-2.2%
Q3 25
11.6%
20.5%
Q2 25
11.3%
20.2%
Q1 25
10.9%
16.7%
Q4 24
10.9%
21.1%
Q3 24
10.5%
19.0%
Q2 24
9.0%
19.2%
Net Margin
OII
OII
TNL
TNL
Q1 26
5.2%
9.9%
Q4 25
26.6%
-6.0%
Q3 25
9.6%
10.6%
Q2 25
7.8%
10.6%
Q1 25
7.5%
7.8%
Q4 24
7.9%
12.3%
Q3 24
6.1%
9.8%
Q2 24
5.2%
13.1%
EPS (diluted)
OII
OII
TNL
TNL
Q1 26
$0.36
$1.22
Q4 25
$1.75
$-0.92
Q3 25
$0.71
$1.67
Q2 25
$0.54
$1.62
Q1 25
$0.49
$1.07
Q4 24
$0.55
$1.70
Q3 24
$0.40
$1.39
Q2 24
$0.34
$1.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OII
OII
TNL
TNL
Cash + ST InvestmentsLiquidity on hand
$254.0M
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$1.1B
Total Assets
$2.6B
$6.8B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
TNL
TNL
Q1 26
$254.0M
Q4 25
$695.9M
$271.0M
Q3 25
$7.0M
$240.0M
Q2 25
$7.0M
$212.0M
Q1 25
$7.0M
$188.0M
Q4 24
$504.5M
$185.0M
Q3 24
$194.0M
Q2 24
$166.0M
Total Debt
OII
OII
TNL
TNL
Q1 26
$488.8M
Q4 25
$487.4M
$5.6B
Q3 25
$5.6B
Q2 25
$5.6B
Q1 25
$5.7B
Q4 24
$482.0M
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Stockholders' Equity
OII
OII
TNL
TNL
Q1 26
$1.1B
Q4 25
$1.1B
$-981.0M
Q3 25
$907.7M
$-821.0M
Q2 25
$842.1M
$-852.0M
Q1 25
$773.1M
$-903.0M
Q4 24
$714.3M
$-881.0M
Q3 24
$698.0M
$-862.0M
Q2 24
$651.0M
$-885.0M
Total Assets
OII
OII
TNL
TNL
Q1 26
$2.6B
$6.8B
Q4 25
$2.7B
$6.8B
Q3 25
$2.5B
$6.9B
Q2 25
$2.3B
$6.8B
Q1 25
$2.3B
$6.8B
Q4 24
$2.3B
$6.7B
Q3 24
$2.4B
$6.7B
Q2 24
$2.3B
$6.7B
Debt / Equity
OII
OII
TNL
TNL
Q1 26
0.44×
Q4 25
0.46×
Q3 25
Q2 25
Q1 25
Q4 24
0.67×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OII
OII
TNL
TNL
Operating Cash FlowLast quarter
$38.0M
Free Cash FlowOCF − Capex
$-76.5M
$0
FCF MarginFCF / Revenue
-11.1%
0.0%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
0.48×
TTM Free Cash FlowTrailing 4 quarters
$238.1M
$423.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
TNL
TNL
Q1 26
$38.0M
Q4 25
$221.1M
$124.0M
Q3 25
$101.3M
$163.0M
Q2 25
$77.2M
$232.0M
Q1 25
$-80.7M
$121.0M
Q4 24
$128.4M
$98.0M
Q3 24
$91.9M
$145.0M
Q2 24
$52.6M
$174.0M
Free Cash Flow
OII
OII
TNL
TNL
Q1 26
$-76.5M
$0
Q4 25
$190.7M
$92.0M
Q3 25
$77.0M
$136.0M
Q2 25
$46.9M
$195.0M
Q1 25
$-106.8M
$100.0M
Q4 24
$94.5M
$75.0M
Q3 24
$67.0M
$125.0M
Q2 24
$29.8M
$153.0M
FCF Margin
OII
OII
TNL
TNL
Q1 26
-11.1%
0.0%
Q4 25
28.5%
9.0%
Q3 25
10.4%
13.0%
Q2 25
6.7%
19.2%
Q1 25
-15.8%
10.7%
Q4 24
13.2%
7.7%
Q3 24
9.9%
12.6%
Q2 24
4.5%
15.5%
Capex Intensity
OII
OII
TNL
TNL
Q1 26
2.5%
Q4 25
4.6%
3.1%
Q3 25
3.3%
2.6%
Q2 25
4.3%
3.6%
Q1 25
3.9%
2.2%
Q4 24
4.7%
2.4%
Q3 24
3.7%
2.0%
Q2 24
3.4%
2.1%
Cash Conversion
OII
OII
TNL
TNL
Q1 26
0.48×
Q4 25
1.24×
Q3 25
1.42×
1.47×
Q2 25
1.42×
2.15×
Q1 25
-1.60×
1.66×
Q4 24
2.29×
0.82×
Q3 24
2.23×
1.49×
Q2 24
1.50×
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OII
OII

Segment breakdown not available.

TNL
TNL

Service and membership fees$396.0M50%
Other$289.0M36%
Consumer financing$113.0M14%

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